Results for Bank of Jamaica Fixed Rate Certificate of Deposit BOJ 1.00% FR 30D – CD 20210219

Applications were opened on Tuesday, 16 February 2021 by Bank of Jamaica for the allocation of JMD 15,000,000,000.00 of BOJ 1.00% FR 30D-CD 20210219 through a competitive price auction. The issue date for the successful allotments is Friday, 19 February 2021.

The results from the auction are as follows:

  Instrument Name: BOJ 1.00% FR 30D – CD 20210219
Total Bids Received69
Total Value of Bids Received$16,802,000,000.00
Total Offer Amount$15,000,000,000.00
Total Successful Bids66
Total Allocated Bids$15,000,000,000.00
Average Yield for Successfully Allocated Bids:2.49%
Average Price for Successful Bids ($):$99.88
Lowest Submitted Bid Rate (%) / Amount (JMD)0.95% / $50,000,000.00
Highest Submitted Bid Rate (%) / Amount (JMD)4.50% / $1,500,000,000.00
Highest Bid Rate for Full Allocation (%) / Amount (JMD)3.959% / $500,000,000.00
Bid Rate for Partial Allocation3.96%
Partial Allocation Percentage24.50%

The total nominal outstanding amount for the 30-day CDs on the settlement date – 19 February 2021, will be J$46,000,000,000.00

The next auction is scheduled for Wednesday, 24 February 2021.

Post Author: Editorial Team